Seaway 7 ASA Sign Letter of Exclusivity with ScottishPower Renewables for East Anglia THREE OWF
Seaway 7 ASA has today announced that it has signed a Letter of Exclusivity towards finalisation of a Preferred Bidder Supply Chain Agreement, with ScottishPower Renewables for the East Anglia THREE offshore wind project.
East Anglia THREE is located around 70 km offshore the UK in the southern North Sea and forms one of three consented offshore wind farm developments, termed the East Anglia Hub, planned by ScottishPower Renewables. East Anglia THREE will contribute approximately 1,400 MW of a potential 3,000 MW of renewable energy generation capacity at East Anglia Hub.
Seaway 7’s scope of work will include the transport and installation of 95 monopile foundations, associated seabed preparation and scour protection along with the engineering, supply and installation of the inner-array cables. Execution of the scope will be led from Seaway 7’s Aberdeen office.
The project is expected to commence early works in 2022 with offshore work commencing in 2024, subject to East Anglia THREE securing a final investment decision by Scottish Power Renewables.
Once executed, East Anglia THREE will represent a very large (between $500m and $750m) contract agreement. The contract will not be recognised in Seaway 7’s backlog until a final investment decision has been secured.
Stuart Fitzgerald, CEO Seaway 7, said: “We are pleased to support ScottishPower Renewables to progress the East Anglia THREE project. Seaway 7 are looking forward to bringing over 10 years’ of offshore wind experience to one of the world’s largest offshore wind complexes, representing a significant contribution to the UK’s renewable target.”
Source Seaway 7 ASA